On the Optimum Quantity of Money
It is pretty well established within Austrian economics that the optimum quantity of money is whatever level is established at any given time.
It is pretty well established within Austrian economics that the optimum quantity of money is whatever level is established at any given time.
It will be argued in this paper that the external-benefits and public-goods arguments are incorrect and are due to a failure to consider all or the
The present work is a doctoral dissertation written at the University of Hamburg. It deals with Mises’s work on monetary economics and business cycle theory.
Adam Smith’s “invisible hand” sometimes works in such marvelously subtle ways that it remains nearly invisible even to economists
Recognizing different types of savings allows for a more fruitful analysis of the business cycle. Sustainable investment activities must be financed by an equivalent amount of savings, both in length of availability and quantity.
Are there individual rights to one’s intellectual creations, such as inventions or written works? Should the legal system protect such rights?
Ever since economists undertook an economic analysis of the law there has waged the debate as to the proper criterion to use in deciding law cases.
This paper by Antoin E. Murphy reviews Richard Cantillion’s life and works.
This article will explore the economics of legal tender laws, arguing that they are not only a necessary prerequisite of paper money, but also bene